19 Palmer St
Salem, MA 01970
19
Bed
6
Bath
7,044Sqft
0.16Acre(Lot)
MAJOR PRICE IMPROVEMENT! CASH COW! Strong cash-flowing 6-unit multifamily investment opportunity in desirable Salem, MA. The property generates approximately $248,724 in gross annual income and over $200,000 in NOI. Featuring a rare and highly desirable unit mix of four spacious 4-bedroom, 1-bath units and two generously sized 3-bedroom, 1-bath units, the property benefits from strong rental demand and stable income potential. Additional income is generated through on-site laundry and storage. Conveniently located near the MBTA Commuter Rail with easy access to Boston and Salem's vibrant downtown, waterfront, restaurants, shopping, and entertainment. Excellent opportunity for investors seeking immediate cash flow, strong in-place income, and long-term upside potential.
Property Details
Map
Map
What's Nearby
Nearby Areas
Features
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Bathroom Information
Total Baths: 6 Full Baths: 6Room Information
Total Bedroom: 19 -
Roofing Information
Shingle -
Interior Features
Roof: Shingle -
Heating & Cooling
WaterSource: Public
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Building Information
Year Built: 1915 Construction Materials: Frame Basement: Unfinished -
Exterior Features
Foundation Details: Concrete PerimeterPorch: Porch, Covered
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Lot Information
Lot Description: Corner Lot Lot Size Area: 0.16 Lot Size Units: Acres Lot Square Feet: 7,052 Lot Acres: 0.16 Stories: 3 Main Square Feet: 0.16Property Information
Property Type: Residential Income Sub Type: 5-9 FamilySQ ft (Living Area): 7,044
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Listing Price Information
Original Listing Price: $2099900
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Tax Information
Annual Tax: $16019
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Parking Information
Parking Total: 6 Deeded
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Location Information
Direction: Located between Lafayette St and Salem St
How much is this property worth?
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Nearby Home Value
| Address | Estimate | Bed | Bath | Sq. Ft | Lot Size |
|---|---|---|---|---|---|
| 4 Winter Island Rd, Salem, MA, 01970 | $954,900 | 3 | 2 | 1,831 | 1,831 SqFt |
| 55 Perkins St, Salem, MA, 01970 | $775,000 | 2 | 1 | 1,925 | 1,925 SqFt |
| 1-7 Prince St & 48-54 H.., Salem, MA, 01970 | $2,400,000 | 16 | 8 | 6,656 | 6,656 SqFt |
| 4 Waite St, Salem, MA, 01970 | $539,900 | 2 | 1 | 1,152 | 1,152 SqFt |
| 17 Osgood St, Salem, MA, 01970 | $589,900 | 3 | 2 | 1,320 | 1,320 SqFt |
| 11 Adams St, Salem, MA, 01970 | $749,900 | 3 | 2 | 2,341 | 2,341 SqFt |
| 20 Winter St, Salem, MA, 01970 | $1,450,000 | 4 | 3 | 3,417 | 3,417 SqFt |
| 7 1/2 Pleasant St, Salem, MA, 01970 | $849,900 | 4 | 3 | 1,845 | 1,845 SqFt |
| 7 Cedarcrest Rd, Salem, MA, 01970 | $765,000 | 3 | 2 | 1,711 | 1,711 SqFt |
| 8-10 & 5 Porter St Ct &.., Salem, MA, 01970 | $4,200,000 | 34 | 12 | 13,472 | 13,472 SqFt |
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ByOwner last updated this listing 06/23/2026 @ 02:29
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